Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2009-11-20
2011-11-15
Apple, Kirsten (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
08060430
ABSTRACT:
A system and method for implementing a recurrent bidding process is disclosed. According to one embodiment, a method for implementing a recurrent bidding process to dispose of a portfolio of consumer debts may comprise the steps of: offering the portfolio of consumer debts in an initial bidding among a plurality of potential buyers to identify a first buyer and a second buyer, wherein the first buyer is the highest bidder in the initial bidding and is allocated a first portion of the portfolio, and wherein the second buyer is the next highest bidder in the initial bidding and is allocated a second portion of the portfolio; maintaining the allocation of the portfolio of consumer debts between the first buyer and the second buyer for a first time period; designating a portion of the portfolio as an at-risk volume for a second time period; offering the at-risk volume in a second bidding between the first buyer and the second buyer, wherein the highest bidder in the second bidding is allocated the at-risk volume; and maintaining the resulting allocation of the portfolio of consumer debts between the first buyer and the second buyer for the second time period.
Albright Jonathon William
Bonner Brian K.
Caraballo Mike Wilson
Watson, Jr. Robert L.
Zapata Jose L.
Apple Kirsten
Goodwin & Procter LLP
JPMorgan Chase Bank N.A.
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